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Steps by step process to Apply for Import Export Code Online (IEC) 

How to Apply for Import Export Code Online (IEC) — Know the Process Step by Step An Import Export (IEC) Code is a 10-digit number given to that person who do import or export goods and services from abroad which provided by Director General of Foreign Trade (DGFT). IEC is a code allotted on Individual PAN Number […]...

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Posted Under: DGFT |

Procedure for Import Export Code (IEC) Registration

An IEC is necessary for Import or Export of goods. The first requirement before you start an Import or Export business in India is to obtain an IEC. IEC Code is unique 10 Digit code issued by DGFT – Director General of Foreign Trade, Ministry of Commerce, Government of India. The PAN based IEC Registration Certificate […]...

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Posted Under: DGFT |

Import Export Code Registration

In the era of Globalization, now the customer market has been shifted from local territory/Country to worldwide market. Where the trader/Service provider has been given equal opportunity to expand its market worldwide. Now, the government is focusing to make India an Export Oriented Country instead of an Import Oriented approach. The Gove...

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Posted Under: DGFT |

India At Last Finding Some Ways to Regulate Imports- Curbs on Non-Essential Goods

Imports are foreign goods and services that are produced in a foreign country and sold to domestic residents of a country. If a country Imports more than it Exports it runs a Trade Deficit. When a country has a trade deficit, it must borrow from other countries to pay for the extra imports. India is traditionally a Trade Deficit Count...

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Posted Under: DGFT |

DGFT: Why we indulge in stupidity & rejoice

It is the prime responsibility of the policy makers to exercise due diligence in carrying out prime responsibility & in doing so application of mind should be visible. As per the mandate of the Parliament, the DGFT exists to facilitate exports by way of Export Promotion Policy. I have been involved with exports since 1983 […]...

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Posted Under: DGFT |

Advance Authorisation Scheme under FTP

Article discusses Benefit for Advance Authorisation License holder, Who can Avail the Benefit of Advance Authorisation, Maximum limit for the License value, How to Avail the Benefit under Advance Authorisation, Conditions for Advance Authorisation scheme, Currency for the realization of Export Proceeds, Validity period of the License, Tim...

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Posted Under: DGFT |

How to gain competitive edge in international markets & trade fairs?

Trade fairs are a great way to unlock huge potential to generate new business and expand business to new/emerging markets. Participating at a trade fair where you would be meeting exhibitors from many countries, is in itself a huge opportunity. Let’s prepare thoroughly and make the most of this opportunity! We can help you prepare [&hel...

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Posted Under: DGFT |

All Industry Rate available to Deemed Export Supplies

DGFT has recently made amendments in chapter 7 of FTP 2015-2020, wherein they have allowed industry to take benefit at All Industry Rate of Duty Drawback schedule notified by department of revenue in case of deemed export supply....

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Posted Under: DGFT |

Guidelines to importers of Tobacco and Tobacco Substitutes

How to import Tobacco and Tobacco Substitutes A basic idea about formalities and procedures to import Tobacco and Tobacco Substitutes from overseas countries are explained in this category ‘Import procedures’. These details are given to enlighten importers, a general tips to import goods from overseas countries applicable to almost al...

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Posted Under: DGFT |

Import Procedure

1. The initial step engaged in importing a product is to accumulate information about the nations and firms which send out the item required by the exporter. It can be accumulated from trade directories, trade organizations, and associations. The exporter readies a quotation otherwise called Performa Invoice and sends it to the importer. ...

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Posted Under: DGFT |